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is a couple mission of the pentagon to it that was a andual i'll live to milan in administration. but it does not interest otters up continually there. this skepticism for the vietnam war and watergate which is mostly the washington post dory increased. the press became adversarial and maybe it will we have to have men ever serial left at have one cnn which is kind of trying to be the new york times and people are talking abut that people are not adversarial news. the stock above the neck down is it to section the newspaper. i notice the public editor who has probably talk to the look less people less times that i have have said, the day's paper is the granddaddy best friend of nuclear plant. the individual was get a little bit squeamish. some of you think i should say where are my sources. the book was a great deal of reading, i also was a very temperance and times of generous and giving me access. as one person or any view and expect to be. 1999-201. . all of the executive editress. by the time we were involved in this process a tentative before -- 1834 was a secondary investing. >> it does
to washington, it is not a philanthropic act on the pentagon's part. the united states federal government -- unless europe is dollar rise, unless they do not have dollars to spend purchasing the net exports of those who have surpluses, then they will stop having surplus. this is the surplus recycling mechanism. thus, we have the 20 years of the golden age. a period of immense stability very low inflation. universal growth. we had other problems. the lease from the macroeconomic point of view, it was a golden age. why is that? because the global surplus of recycling mechanism was sustained. why? because the united states stopped having a surplus by the end of the 1960's. how can you recycle surplus if you cannot have it. well, paul volcker -- been named may ring a bell. in 1971, paul volcker was an unknown working for another american. henry kissinger, who you may have heard of. before he became secretary of state. whener's paper, which are i read a few years ago, i thought it was the most remarkable document ever to emerge from washington in the last few years. looking at the emerging eco
Search Results 0 to 1 of about 2

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